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Affluent Investor | June 26, 2017

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Posts ByRoger McKinney, Author at Affluent Investor

June 15, 2017 |

The Real Cause of Trade Deficits

At the recent summit held in Europe of the seven richest countries, the G-7, President Trump trashed the German trade surplus, “The Germans are bad, very bad. Look at the millions of cars that they’re selling in the USA. Horrible. … Read More

June 7, 2017 |

D-Day Lesson – Decentralize Decision Making

June 6, 1945, Allied forces invaded the Nazi fortress of Europe. Not everyone cheered. General Douglass MacArthur said of the invasion that he would court martial the SOB who had planned it. Of course, he knew well the planner. … Read More

June 6, 2017 |

We Are All Socialists Now – Review of Demons of Democracy

If the US has as tolerant society as it advertises, then why did the mainstream media attack North Carolinians so viciously when they voted to keep traditional bathrooms? And why do bakers go to jail for refusing to crown a … Read More

June 5, 2017 |

Elon Musk, Socialist

I’m sure Elon Musk would be highly offended to know that he is a promoter of Marxism. After all, look at the number of businesses he has started. But he has admitted he only started those companies to promote change … Read More

May 18, 2017 |

Investing Tips From Socialist Soros

Even though George Soros is a devout socialist, he knows something about investing. He writes about a typical cycle in the stock market in his book The Crisis of Global Capitalism. He calls his theory “reflexivity,” but the general … Read More

May 11, 2017 |

Creative Destruction Becoming Less Destructive and Less Creative

Investors should worry about productivity growth of the firms they invest in because it is one of the major determinants of profits and market share. Innovation should drive old technology firms out of business and improve productivity but that … Read More

May 10, 2017 |

Mamas, Don’t Let Your Babies Turn Out to Be Mainstream Economists

The credibility of mainstream economics took a punishing punch from the Great Recession that hit in 2008. It should have been a fatal blow, but the profession had made itself nearly impervious to the effects of empirical data. The field … Read More

May 1, 2017 |

Morgan Stanley Says Ride the Raging Bull

Morgan Stanley’s analysts suggest running with the bulls this week. They recently announced that they expect the S&P 500 to rise 15% in the next twelve months and possibly to reach 3,000, a gain of 27.4%. They wrote,

Although optimism … Read More

April 28, 2017 |

Brick and Mortar Retail is Falling Down

Brick and mortar retail is dying according to many reports. Here’s an example:

American retailers are closing stores at the fastest pace ever.

Roughly 10% of mall retail space – or 1 billion square feet – is on the … Read More

April 10, 2017 |

Shrinking Credit, Not a Good Sign for Business

Most business cycle models include the money supply as a leading indicator of the economy, meaning that changes in the money supply tend to precede and signal changes in the economy in the near future. The money supply year-to-year … Read More

March 22, 2017 |

Why Anti-Cash Economics Takes Your Wealth

Keeping your hard-earned wealth is hard. The state wants most of it in taxes. A couple of weeks ago I explained how socialists use randomness to steal your wealth. Now economists want to use a cashless society to take it.

Read More

March 16, 2017 |

New Book: God is a Capitalist

In his book, Jesus in Beijing, author David Aikman describes a lecture that he attended in Beijing in 2002. The speaker, a scholar from one of China’s premier academic research institutes, the Chinese Academy of Social Sciences, said the … Read More

March 15, 2017 |

Big Business and Socialist Symbiosis

Jason Zweig, who writes the Intelligent Investor column for the Wall Street Journal, posted recently about “Disturbing New Facts about American Capitalism.” He wrote:

“Modern capitalism is built on the idea that as companies get big, they become fat … Read More

March 8, 2017 |

The Idol of Randomness Wants to Steal Your Wealth


If you’re reading this post, I assume you have built some wealth and are wondering how to keep it and possibly make it grow. You should know that many people claim you have no right to that wealth … Read More

February 28, 2017 |

Trump Channels Hoover’s Economic Strategies

President Trump has saved dozens of US jobs from moving to other countries, mostly Mexico, by employing the shock and awe of a personal phone call to CEOs. Had he made the same visits before he became president he … Read More

February 23, 2017 |

Stop Comparing Your Investment to the S&P

In Financial Bull Riding I wrote that annual percentage returns is the wrong measure of investment performance. The better metric is absolute dollar return. Naive investors, and most financial journalists, assume the two will produce the same results, but they … Read More

February 8, 2017 |

Interest Rates Have Fallen and Can’t Get Up

Some of us suffer from Fed head: we have allowed anger at the Fed to infect our brains to the point that we blame it for everything from flat tires to broken bed springs. George Selgin, an Austrian friendly economist … Read More

February 6, 2017 |

Why the Fed Can’t Drive

One of Milton Friedman’s favorite analogies about monetary policy was driving a car. He compared money creation by the Fed to pushing on the gas pedal. On flat ground giving the engine more gas makes the car speed up, … Read More

February 2, 2017 |

Zombies Threaten Growth in 2017

Most economists expect the economy to grow at its most rapid rate this year. One of my favorite economists wrote this:

“If the new Trump administration cuts taxes and deregulates the economy, expect higher economic growth and another good … Read More

January 27, 2017 |

Brexit Doomsayers Double Down on Wrong Prediction

It seems that the Bank of England has been feeling the heat from its forecast that Brexit would plunge the UK into a depression. Added to the failure of mainstream economists to predict the Great Recession, the public is losing … Read More

January 18, 2017 |

The Case for a Raging Market in 2017

Trumpeting a new boss in the White House wasn’t the only cause of the recent spectacular rise in the stock market. Several economic indicators improved in the fourth quarter. Nicholas Vardy wrote,

Consumer confidence stands at its highest level … Read More

January 16, 2017 |

Trump’s Strength is His Weakness — Businessman Economics

President Trump is clearly a good businessman. His wealth proves it. And it was partly his success in business that encouraged many adults to vote for him. The logic seemed sound: if the problem with the US is the economy … Read More

December 26, 2016 |

The Pre-Christmas World of Hunger and Premature Death

The world was flat until 1600. Not the shape of the planet. According to the best economic history, standards of living even in 1800 AD hardly differed from those of 5000 BC. TV shows dealing with the ancient past … Read More

December 20, 2016 |

Why Markets Shrugged Off Fed Hike

For the first time in almost a decade the market shrugged off a significant move by the Fed when it increased its rate by 0.25%. Of course, the market had anticipated the increase for a year and so priced it … Read More

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